Wednesday, May 13, 2009

Commonplace Book: Income Disparity

In Manhattan, where the rich are concentrated, the disparities between the classes have been rising steadily. In 1980 it ranked 17th among the nation’s counties for social inequality; today it ranks first, with the top fifth of wage earners earning 52 times that of the lowest fifth, a disparity roughly comparable to that of Namibia.

Joel Kotkin